Group 1 - The core viewpoint is that Wanma Co., Ltd. (002276) is expanding its production capacity for high-performance ultra-high voltage insulation materials, which is expected to reach an annual capacity of 60,000 tons after the completion of the third phase project [1] - The domestic market share of Wanma's high-performance ultra-high voltage insulation materials has increased from approximately 15% in 2021 to around 20% [1] - Major competitors in the production of ultra-high voltage insulation materials include internationally recognized companies such as Dow Chemical and Nordic Chemicals [1]

Group 1: Company Overview and Strategy - The company follows a "One Body, Two Wings" development strategy, focusing on three main business sectors: wire and cable, new materials, and new energy [2] - The company has established two main production bases for its cable products, located in Hangzhou [3] Group 2: Product Offerings - The equipment cable sector includes specialized companies producing various types of cables, such as network data cables and industrial cables [2][3] - The company is the first in China to obtain dual international product certifications (UL and TUV) for its robot cables [4] Group 3: Competitive Advantages - The company has a leading product design and manufacturing capability, supported by a technical team with over 15 years of experience in the field [4] - It has established a TUV-certified laboratory for robot cables, accumulating extensive experimental data [4] - The company participates in the formulation of multiple industry standards, enhancing its influence in the market [4] Group 4: Market Position and Risks - Currently, the revenue from industrial robots, humanoid robots, and robotic dog cables constitutes a small percentage of the company's overall revenue, indicating potential investment risks [5] - The market share of the company's high molecular ultra-high voltage insulation materials has increased from approximately 15% in 2021 to about 20% [6] Group 5: Production Capacity and Future Goals - The planned annual production capacity for high molecular ultra-high voltage insulation materials will reach 60,000 tons after the completion of the third phase project [6] - In 2024, the projected production volumes are 145,128.35 tons for power products, 295,842.99 kilometers for communication products, and 561,384.01 tons for polymer materials [9]

证券代码：002276 证券简称：万马股份 公告编号：2025- 034 2025年7月4日，公司收到海控投控出具的《关于国有股权无偿划转已完成工 商变更的告知函》，上述股权无偿划转事宜已于2025年7月4日办理完成工商变更 手续。 债券代码：149590 债券简称：21 万马 01 特此公告。 浙江万马股份有限公司 浙江万马股份有限公司董事会 二○二五年七月五日 关于控股股东的股东发生变更的进展 - 1 - 暨完成工商变更的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 浙江万马股份有限公司（以下简称"公司"）于2025年7月4日在巨潮资讯网 披露《关于控股股东的股东拟发生变更的提示性公告》（公告编号：2025-033）， 青岛西海岸新区海洋控股集团有限公司（以下简称"海控集团"）将直接持有的 公司控股股东青岛海控投资控股有限公司（以下简称"海控投控"）100%股权无 偿划转给海控集团全资子公司青岛董家口发展集团有限公司（以下简称"董发集 团"）。 ...

Core Viewpoint - The company has completed the transfer of state-owned equity, with the controlling shareholder's stake being transferred to another entity [1] Group 1 - The company, Wanma Co., Ltd. (002276), received a notification on July 4, 2025, regarding the completion of the transfer of 100% equity held by its controlling shareholder, Qingdao Haikong Investment Holdings Co., Ltd. [1] - The equity transfer was made from Qingdao Haikong Investment Holdings Co., Ltd. to Qingdao Dongjiakou Development Group Co., Ltd. [1] - The business registration change related to this transfer was completed on July 4, 2025 [1]

-1- 本次股权变动不涉及重大资产重组事项，不涉及公司控股股东、实际控制人 的变更，亦不会对公司正常生产经营活动构成重大影响，不存在损害公司和中小 股东利益的情形。 公司指定的信息披露媒体为《证券时报》及巨潮资讯网（www.cninfo.com.cn）， 公司所有信息均以上述指定媒体刊登的公告为准。公司将根据本次股权变动事项 进度，及时披露相关进展情况。敬请投资者理性投资，注意投资风险。 特此公告。 浙江万马股份有限公司董事会 浙江万马股份有限公司（以下简称"公司"）于近日收到公司控股股东青岛 海控投资控股有限公司（以下简称"海控投控"）出具的《关于青岛海控投资控 股有限公司股东拟发生变更的告知函》，为推动青岛西海岸新区海洋控股集团有 限公司（以下简称"海控集团"）内部战略整合，经海控集团批准，决定将其直 接持有的海控投控100%股权划转给海控集团全资子公司青岛董家口发展集团有 限公司（以下简称"董发集团"）（以下简称"本次股权变动"）。2025年7月3 日，海控集团与董发集团签署了《国有产权无偿划转协议》。 本次股权变动前，公司与控股股东、实际控制人之间的产权及控制关系如 下图所示： 本次股权变动后，公司与 ...

关于控股股东的股东拟发生变更的提示性公告 证券代码：002276 证券简称：万马股份 公告编号：2025- 033 债券代码：149590 债券简称：21 万马 01 浙江万马股份有限公司 - 1 - 本次股权变动不涉及重大资产重组事项，不涉及公司控股股东、实际控制人 的变更，亦不会对公司正常生产经营活动构成重大影响，不存在损害公司和中小 股东利益的情形。 公司指定的信息披露媒体为《证券时报》及巨潮资讯网（www.cninfo.com.cn）， 公司所有信息均以上述指定媒体刊登的公告为准。公司将根据本次股权变动事项 进度，及时披露相关进展情况。敬请投资者理性投资，注意投资风险。 特此公告。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 浙江万马股份有限公司（以下简称"公司"）于近日收到公司控股股东青岛 海控投资控股有限公司（以下简称"海控投控"）出具的《关于青岛海控投资控 股有限公司股东拟发生变更的告知函》，为推动青岛西海岸新区海洋控股集团有 限公司（以下简称"海控集团"）内部战略整合，经海控集团批准，决定将其直 接持有的海控投控100%股权划转给海控集团全 ...

万马股份（002276）公告，公司控股股东青岛海控投资控股有限公司的股东青岛西海岸新区海洋控股集 团有限公司决定将其直接持有的海控投控100%股权划转给海控集团全资子公司青岛董家口发展集团有 限公司。本次股权变动不涉及重大资产重组事项，不涉及公司控股股东、实际控制人的变更，亦不会对 公司正常生产经营活动构成重大影响。 ...

Group 1: Company Overview and Strategy - The company follows a "dual-wing" development strategy focusing on three main business sectors: wire and cable, new materials, and new energy [2] - The company is one of the largest intelligent equipment cable manufacturers in China, with a strong emphasis on R&D and production capabilities [2][3] Group 2: Product Competitiveness - The company has a competitive edge in robot cables due to its advanced product design and manufacturing capabilities, with core team members having over 15 years of experience [3] - It is the first in China to have a TUV-certified robot cable laboratory, accumulating extensive experimental data in the field [3] - The company has received dual certifications from TUV Rheinland and UL, enhancing product reliability [3] Group 3: Market Position and Risks - The company's industrial robot, humanoid robot, and robotic dog cable products currently represent a small proportion of overall revenue, highlighting potential investment risks [3][4] - The domestic market share of the company's high molecular ultra-high voltage insulation materials has increased from approximately 15% in 2021 to about 20% [4] Group 4: Financial Performance - In 2024, the company plans to have 994 R&D personnel with an investment of approximately ¥656.78 million, accounting for 3.70% of total revenue [5] - The gross profit margins for electrical products, communication products, and high molecular materials are 9.92%, 12.31%, and 13.24% respectively [5] - The revenue composition for 2024 is as follows: electrical products at ¥117.47 billion (66.14%), communication products at ¥4.99 billion (2.81%), high molecular materials at ¥51.85 billion (29.20%), and trade/services at ¥3.3 billion (1.85%) [7]

Core Viewpoint - The flexible DC transmission concept has shown a positive performance with a 1.76% increase, ranking 7th among concept sectors, indicating strong investor interest and potential growth in this area [1][2]. Market Performance - As of June 27, the flexible DC transmission sector saw 42 stocks rise, with notable performers including Dazhongnan, which hit the daily limit, and others like Electric Power Research Institute and Shunma Electric Power, which increased by 11.91%, 6.21%, and 5.96% respectively [1]. - The sector experienced a net inflow of 523 million yuan from main funds, with 26 stocks receiving net inflows, and 6 stocks attracting over 30 million yuan each, led by Wanma Co. with a net inflow of 170 million yuan [2]. Fund Flow Analysis - The top stocks by net inflow ratio included Jingwei Huikai, Shunma Electric Power, and Senyuan Electric, with net inflow ratios of 13.26%, 11.77%, and 10.23% respectively [3]. - The detailed fund flow for the flexible DC transmission concept shows Wanma Co. leading with a 5.96% increase and a turnover rate of 13.45%, followed by Dazhongnan with a 9.97% increase and a turnover rate of 13.71% [3][4].

Market Performance - The optical fiber concept index rose by 1.60%, ranking 10th among concept sectors, with 51 stocks increasing in value [1] - Leading gainers included Guangku Technology, Yuanjie Technology, and Wanma Co., with respective increases of 7.84%, 6.83%, and 5.96% [1] - The top decliners were Zhongguang Nuclear Technology, Delong Laser, and Zhongdian Xinlong, with declines of 1.89%, 1.87%, and 1.76% [1] Capital Flow - The optical fiber sector saw a net inflow of 508 million yuan, with 30 stocks receiving net inflows [1] - Wanma Co. led the net inflow with 170 million yuan, followed by Tianfu Communication and Taicheng Light with 155 million yuan and 147 million yuan respectively [1] - In terms of net inflow ratios, Zhao Chi Co., Bichuang Technology, and Wanma Co. had the highest rates at 14.19%, 10.24%, and 8.73% respectively [2] Stock Performance - Notable stock performances included Guangku Technology with a 7.84% increase and Yuanjie Technology with a 6.83% increase, while Zhongguang Nuclear Technology experienced a 1.89% decline [1][5] - The trading volume and turnover rates varied significantly among stocks, with Wanma Co. showing a turnover rate of 13.45% [2] - Stocks like Jiguang Technology and Longxin Technology also showed positive movements, with increases of 3.72% and 4.39% respectively [3]